Millionaire mother refuses to co-sign mortgage for her son, he faces the possibility of homelessness so goes low contact with parents: “My father says this is so hard on her”

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  • 01

    Parents won't cosign a mortgage for me. I went low contact. AITA?

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  • 02
    I do live in a cheaper area. The cheapest possible livable single family homes are 60 k but you can easily find 200-400 k houses. The home I want to buy is 65k(worth 85k). I live in it now as a rental and is actually the best possible deal in this area and can be an amazing rental property. He is like, BUY IT OR MOVE OUT.
  • 03
    My parents financially gifted me with a trust left to me by an uncle. School, tools, and rent. They had refused to let me buy a house for the last 6 years(before co id). I am so resentful because of housing prices now. Well my landlord is selling the place I live at(5 years) and if I move out rent will be 50% more expensive. My tools, my
  • 04
    animals all have to be moved. I am like 10% short on buying this house outright.
  • 05
    I have a bachelor's and it is very hard for me to have gainful employment in this area. I gave my soul to the meat grinder and the last two jobs worked me numb and threw me aside like trash for a joke. I have faults, some mine, some not but f I gave every job my all. I do great working for myself but my
  • 06
    biggest problem is unreported income. I have a good credit score and down payment. Just no reported income.
  • 07
    I've been my parents servant(slave as my girlfriend says) for the last 7 years. I have been mowing their yard for 15 years now.I asked my almost-millionaire maybe one- millionaire mom who owns her death-home(400k that she bought for 170k), she just bought her new car with cash.I just asked if she would cosign a loan(30-50k). So i
  • 08
    wouldn't drain all my savings(and I'm still short if I did).She refused. She said her parents didn't cosign for her.
  • 09
    She even has access to my savings if I fall behind on payments.
  • 10
    I went from going over there everyday and working to suddenly avoiding them because it hurts my feelings too much. They are starting to get older and I am the only child that visited them or help them daily. It's been told to me that I am a very dutiful son compared to many other relationships(children and parents).
  • 11
    My girlfriend thought it was weird how much I worked for my family and sometimes under paid. I said I enjoyed the bonding and chores and such. Also, this house like 5 blocks away from them!
  • 12
    I understand asking someone to cosign is big but my mother is so well-off financially she could literally buy my house without much of a dent in her finances.
  • 13
    I'm facing homelessness or moving as I'm still paying rent! I have too much stuff and I am worried about my animals. My step-father says this is so hard on her and she is crying.
  • 14
    Cheezburger Image 10472352512
  • 15
    AITA for refusing to work for my mother and go low-contact because she won't cosign this loan?
  • 16
    Cheezburger Image 10472353024
  • 17
    theferal1 How did your parents not allow you to buy a home? You mention a trust, are they withholding money that is actually fully yours? If so, is there a reason they'd do that? Like it was only for left for something specific?
  • 18
    Why do your parents have access to your savings? No judgement without details.
  • 19
    Pleasant-Try9103 Moving doesn't make you homeless. You're not entitled to your parents money, but they aren't entitled to your labor/company either.
  • 20
    If you feel you give and give in the relationship, and it's one-sided, then yeah.. ditch em. Why don't you get the final 10% from your girlfriend? Siblings?
  • 21
    Spirited Block250 You're 10% short on buying the house, yet almost homeless? Not quite. Moving, doesn't make you homeless.
  • 22
    Anyways, you mention your mothers wealth, it's irrelevant, because her having it, doesn't mean it will benefit you while she is alive.
  • 23
    YTA for admitting you know it's a big deal for her to sign and then reducing contact with them because they won't. The adult equivalent, in this instance, of stomping your feet like a toddler.
  • 24
    She doesn't owe you it, and you don't have a job, so that makes you a risk. She's being smart, you're being unfair.

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